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Contracts Keyed to Barnett
Loveless v. Diehl
Citation:
235 Ark. 805, 236 Ark. 129, 364 S.W.2d 317 (Ark. 1963)Facts
Loveless leased a farm to Diehl for three years at $100/month. The lease agreement included an option for Diehl to purchase the farm any time during the three-year lease for $21,000. Diehl spent several thousands of dollars on land improvements, including taking out a loan from Loveless to purchase farming equipment.
Diehl wanted to exercise the option to purchase the farm but could not, so Diehl enlisted to sell Hart the farm for $22,000 so that Diehl could at least make a $1,000 profit. Loveless refused, took forcible possession of the farm at the end of the three-year lease, and then leased the farm to another person for $100/month.
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